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2019 Trades
eem: 12.18.18 – 01.08.19
ETF | Emerging Markets | Status: Closed
Opening Trade
12.18.18
Another sharp increase in even with the market up slightly. My overall portfolio are getting pretty so I sold this downward skewed strangle to reduce my directional risk. Need EEM to come down in price, but a volatility contraction should serve me nicely, and if the market rallies, my overall position should do well. This trade just serves as small protection to the downside, with room to the upside to be profitable. If EEM rallies a lot, I plan to roll my put up. Looking for 50% max profit on this ($0.85).
Risk Profile:
(Not to scale)
Strategy: Short 40/36 Strangle
sto 1 feb 15 36 put
sto 1 feb 15 40 call
Fill Price: $1.71 credit
Position Analysis
U/L Price: $39.25
IV: 25.6%
IVR: 62.8
Liquidity: 4/4
Position: Short 36/40 Strangle
POP: 63%
Cost Basis: $1.71
Risk: Undefined
BPR: $715
Max Profit: $1.71
Max Loss: Unlimited
Target P/L: $0.85
Break Even(s): $34.29, $41.71
Extrinsic Value: $171.00
Net Delta: -24.69
Net Theta: 2.296